Quote:
Originally Posted by TwinCities
Can someone educate me on the problems with using a real bank in another country? Is the banking system in your country not trustworthy? Are the fee's too high? Isn't banking fees just a cost of doing business just like hosting or traffic buying? I image there is not really a way to write checks off a foreign bank account so is the only way to access funds in a real bank to go there and make a withdrawal? What did you did before ePassporte came along? What made you trust ePassporte above a real bank account? I have never used ePassporte but have used Paypal. I use paypal as a passthrough to my real bank account.
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The issue in shitty countries is unreliable banks, high fees and high taxes and people who don't understand why they should pay taxes at all (like ex soviet countries/east Europe where tax is a new thing). Almost everyone in east Europe use Epass for tax evasion. this is one of many reason why only a shit bank in the middle of nowhere will do these kinds of things. It because they must comply with both US and all countries laws like Paypal does or they don't work with peopel from that country. Before Epass people use western union, or wait to get check from american bank to take 30-60 days to get money from check in east European bank or before 9/11 use friends to open account in US and use atm in their country.
There is no reason someone from east Europe can't use wire transfer to get paid. They don't do it because they don't want to report it income or pay fee.
People looking for payoneer and other choices but who offer these services is in the end the same. Some nothing bank in the middle of nowhere breaking all rules and put you money at risk.